《The New York Times》: SEC Takes Action to Reduce Its Enforcement in the Cryptocurrency Field

BlockBeats News, February 5th, according to The New York Times, the U.S. Securities and Exchange Commission (SEC) is shrinking a specialized division that was once made up of over 50 lawyers and staff, dedicated to handling enforcement actions related to cryptocurrency. Sources familiar with the matter said this is one of the first concrete actions taken by President Trump and his administration in cryptocurrency and other digital asset regulation. One of President Trump's first executive orders aimed to promote cryptocurrency growth and "eliminate excessive regulation on digital assets."

Some lawyers from the cryptocurrency division are being reassigned to other departments within the U.S. Securities and Exchange Commission. A senior lawyer from the division has been reassigned from the enforcement division, a move seen as an unfair demotion, according to sources.

A spokesperson for the U.S. Securities and Exchange Commission declined to comment on the matter.